Greg Carlson: A mutual fund on our radar right now is Tributary Small Company. This fund has been around for a long time; however, it's been fairly small for most of its life. It's been run by lead manager Mark Wynegar since 1999. He is joined by comanager Michael Johnson, who has been on the fund for about a decade, and five analysts back the two of them up.
The fund essentially takes a Warren Buffett-like approach to small companies. So, the team is valuation-sensitive. However, they are generally looking for good businesses at a fair price. Thus, the fund ends up in Morningstar's small-blend category rather than small-value.
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Greg Carlson does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.